Indianapolis Times, Volume 40, Number 148, Indianapolis, Marion County, 10 November 1928 — Page 13

__ .JO 11‘iJ.

WHEAT BOOMS, BUT FAILS TO HOLMS GAIN Unfavorable Weather Is Boost to Corn in Trading; Oats Goes Up. Ry United Press CHICAGO, Nov. 9.—Short covering and speculative buying sent wheat to sharply higher levels today, but profit-taking developed and best gains were not held. Unfavorable weather boosted com. Oats made good gains in sympathy. Wheat closed % cent up, corn was ’/2 cent to 1 cent higher and oats were up % cent to % cent. Provisions made slight gains. No material pressure on wheat was evident during most of the session. The northwest continued to sell, but offerings -were taken by Chicago operators. It was rumored tha tthe Canadian pool had sold large amounts of low grade Manitobas to Europe. Officially reported export trade, however, was small. Corn was strengthened during the early trade by a bullish crop report from lowa. The belt reported heavy rains, while some localities had snow. The government report, which will be issued after the close today, checked trading somewhat. Country offerings were small. Offerings of oats were light and well absorbed. Chicago Grain Table —Nov. 9 WHEAT— Prev. Open High Low Close close Dec... 1.14*4 1.15% 1.14*4 1.14% 1.14 March 1.19% 1.20% 1.19% 1 'V/ 1.19% Mav.. 1.22% 1.28% 1.22% l.z2*>/ 1.22 CORN— Dec... .83% .84% .83*4 .83% .82% March .86% .87% .86 .86% .85% Mav.. .88% .89% .88% .88% .88% OATS— Dec... .44% .44% .44 .44% .44 March .44% .45% .44% .45% .44% May... .45% .47% .45% .45% .45*% ■ LARD— Nov. 11.40 11.50 11.40 11.50 11.40 Dec. 11.52 11.62 11.52 11.62 11.55 Jan. 12.00 12.07 11.97 12.05 11.97 Mar. 12.12 12.27 12.12 12.22 12.12 RIBS— Dec.. 11.07 Nominal 11.07 11.07 RYE— Dec.. 1.00*4 1.01% 1.00 1.00% .99% March 1.04 1.04*4 1.03*4 1.03% 1.02% May.. 1.05% 1.07 1.05% 1.06 1.05% By Times Special CHICAGO, Nov. 9.—Carlots: Wheat, 32; corn, 147; oats, 29; rye, 18. Bv United Press CHICAGO, Nov. 9. —Closing quotations on the Chicago mercantile exchange: Eggs—Refrigerator Standards; November 30%c; December, 30%c; fresh gathered firsts February. 27®27’/aC. Butter—Storage Standards: December, 46%c; January 46 %C. By United Press CHICAGO Nov. 9. —Primary receipts: Wheat, 1,746,000 against holiday; corn. 658,000 against holiday; oats, 414,000 against holiday. Shipments: Wheat. 1.910.000 against holiday; corn, 778,000 against holiday; oats, 277,000 against holiday.

Local Wagon Wheat

City grain elevators are paying $1.26 for No. 2 red wheat and $1.03 for No. 2 hard. New York Curb Market —Nov. 9 Close. Anglo American 18% Amer Gas 184 Continental Oil 19 Fox 28% Humble Oil 96% Imp Oil of Canada 94 Ind Pipe ILne 83% Int Pete 51% Ohio Oil 69 Prairie Oil and Gas 55 Prairie Pipe Line 220 S O Indiana 83% S O Kansas 93% S O Kentucky ...158 Amer Rolligng Mill 100 United L and P (A) 26% S O Ohio 97% Vacuum Oil 90% Mountain Prod 22% N E Power 46% United Das Imp 152% S E Power f 55*4 Hudson Bay 18% Durant Motors, Del 15% Trans Con A T 20 Elec Bond and Share 132 Elec Investors 72% De Forest 24 Service Electric 10 Stutz Motor 34% Cities Service com 73% Associated Gas IA) 78 Marmon 68% Chicago Stocks Open. High. Low. Close. Acme Steel ....109 A M Castle 67% 67*% 67 67% All Am Radio ... 39% 40% 39 39’% Atlas Stores .... 61% 62 61 61 Auburn Motors. .113% 114 112*% 114 Balban-Katz 80% 80% 80% 80% Bendix 118 123% 117% 120 % Borg Warner .. 117 117 115 115% Butler Bros 29*% 29% 29 29% Bastian B 44% Chi Yellow Taxi 31% 32 31% 32 Club Alum 34% 35% 34 35% Decker & Cohn . 27*% -28 27% 28 Elec Household . 30% 31 30% 31 Galesburg C ...104 104 100% 102 Grigsby 120 120% 117% 120 Mart Carter .... 34 34 33*% 33% Ills Brick 40 Inland W& O .. 65 66 64 65 Kalamazoo Stove 92% 93 90 91% Kellog Switch .. 18 18'% 17% 17% Keystone Steel .. 61*% 61% 06*% 61 Midwest Utiities. 163% 164 163 164 Nor Am Car ... 56 56 55% 56 Natl Elec P “A” 34% Nat Stand 47% 47% 45% 46 Oaks “A” 90 91 87 87 Ont Mfg 33 34 33 34 Perfect Circle .. 44 Pines Winter F.175 175 173 173 Ross Gear ...... 42 42% 42 42% Swift & Cos 133% 136*% 133% 136 Swift Inti 32*% 33% 31% 32% Super Maid .... 75 ... Stand Dredge ... 43 44% 41 7 % 44 Unit Corp Am . 34 35% 33*% 34% Utah Radio 61 62 60 62 Yates 24 24% 23% 24 Zenith Radio ...202 217 200 215 Wiebold 50% 51 50*% 50% Noblitt Spark ... 4040 39 39

In the Cotton Market

(By Thomson & McKinnon) NEW YORK, Nov. 9.—The situation in cotton Is (airly -veil understod by the trade. Confidence in ultimately higher prices is general and is based upon the tact that the crop will not supply fiscal needs. In the meanwhile this knowledge has forced contract prices to a level about equal to the price of the atcual in southern markets. Tnis pressure will lessen as small holders realize on lots picked up here and there from dally receipts. General textile conditions show marked improvement. We see little possibility of the spinner being able to do much better in buying his supplies than he can do now and cotton therefore looks like a stable investment with the possibilities of considerable profit later on. NEW ORLEANS High. Low. Close. January 18.95 18.69 18.75 March 18.92 18.66 18.70 December 18.91 18.65 18.68 NEW YORK High. Low. Close. JanUßry .... 19.48 19.25 19.29 March 19.47 19.22 19.23 Mav 19.35 19.11 19.12 Julv 19.16 18.93 18.93 October 18.83 18.64 18.64 December 19.50 19.26 19.28 CHICAGO High. Low. Close. January 19.07 18.77 18.80 March 19 07 18.80 18.84 May 18 95 18.70 18.70 October 18.40 18.30 18.30 December ... 19.04 18.75 18.78 Arrest 6 in Raid to House Six persons were arrested Thursday night in a police raid on the home of Mrs. Bernice Edson, 532 Massachusetts avenue. Mrs. Edson was charged with operating a blind tiger and keeping a resort.

New York Stocks (By Thomson St McKinnon l” - ”

Prev. High. Low. Close. Close. Railroads— Atchison 95 192'% 194*% 191% Atl C Line 166 163% 166 163% Balt & Ohio 116 111 116 112% Can Pac 225% 222% 225% 221% Chesa & 0hi0..193 189'% 192 189 Ches Corp 71 67% 69 67% Chi & N W.... 92% 89'% 92% 88% Ch Grt W 14% 13% 14% 13 C R I & P 135% 133% 133% 134 Del & Hud ....195 192 194 191 Dei & Lacka.. .131 129'% 131 129 Erie 60% 57% 60% 57 Erie Ist pfd... 59% 58% 59 58 Grt Nor 103'/i 102 103% 102'% 111 Cen 141% 140% 141% 140% K C So ...... 71% 69 % 71 70 MK & T 48% 46% 47% 46% M P pfd 124% 122% 123% 123 N Y Cen 177% 175 176’% 174% N Y C && St L.. 128 125*% 128 12.4% NY NH & H.. 68% 67 67*% 66% Nor Pac 104% 103% 104% 102% Nor & W 188% 187% 188 185 Pennsylvania ... 65% 64% 65% 64% P & W Va 156% 155 150% 153 Reading 106% 104% 106% 104 Southern Ry ...147% 144% 146% 144% Southern Pac ..124% 123 123'% 123 St Paul 355% 34% 35% 34% St Paul pfd .... 54% 53 53% 52% St L & S W.... 121% 118% 121% 119 St L & S F 118% 117% 118% 117% Texas & Pac ..186 183 184 Union Pacific ..21712 210% 215 210 West Maryland.. 44% 42% 43% 41% Wabash 80'% 77% 79% 78% Rubbers— Ajax 8% 8% Fisk 12 11% 11% 11% Goodrich 79 78 78'/a 80 Goodyear 77% 75'% 75'% 77% Kelly-Spgfld ... 20% 20 20*% 20'% United States .. 39% 37% 39 37% Equipments— Am Car & Fdy. 94% 93% 94 94% Am B Shoe 41% 41% 41% 42'% Am Steel Fd ... 62'% 59% 50% 58 General Elec ...181% 175 181'% 172% Gen Ry Signal. .103’% 103 103 103'% N Y Air Brake.. 42'% 41% 42'% 42*% Pressed Stl Car. 24*% 23’% 23% 23'% Pullman 82% 81% 81% 82 Westingh Air B 46*4 45% 45*4 45% Westlngh Elec ..118 118*4 117% 116% Steels— Bethlehem .... 71 69% 70% 69% Colorado Fuel.. 78% 75 76% 76% Crucible 81% 79 81 78’% Otis 32% 31% 32'% 32 Rep Iron & Stl.. 84 86’% 83% 80% U S Steel 166 161 166 160% Allov 42 40'% 42 40'% Warren Fdy ... 33% 32',4 32% 32% Vanadium Corp 98% 94% 98% 91'% Motors— Am Bosch Mag 35% 34'% 35 35% Chandler 19% 18% 19% 18 Chrysler Corp ..126% 124*4 125% 125‘4 Conti Motors... 18 17% 17% 17'% Dodge Bros 25% ... 25% 25% Graham Paige., 45'% 43% 43% 45'% General Motors 222 216% 218 220% Hudson 82% 81% 81’% 82% Hupp 71% 70% 71'% 71'% Jordan 13'% 13% 13% 13% Mack Mot 100 98% 99 99*4 Martin-Parry .. 17% 17 17% 17% Moon 7 ... 6% 6% Motor Wheel .. 39% ... 39'% 39% Nash 93% 91% 92% 93 Packard 98% 96% 98% 96% Peerless 16% ... 16'% 17% Pierce Arrow ... 21'% ... 21% 21 *4 Studebaker Cor.. 76% 75% 75’4 77% Stew Warner ...106% 105% 105% 107'% Eaton Axle 57*4 ... 56% 57'% Timken Bear ...1501% 148% 158% 150 Wlllys-Overland. 28 27'% 27% 281% Yellow Trk 36% 35% 35% 25% White Motor .... 38% 38 38*% 37% Mining— Am Smlt & Rfg.276% 274*4 274'% 275 Anaconda Cop.. 97% 96 9614 95% Calumet & Ariz.l22% 120 120 124 Cerro de Pasco .106% 108 103% 105% Chile Copper ... 64 63% 63% 64*4 Greene Can Cop. 148% 144* 2 146 147 Inspiration Cop 34% 33% 34 33’/s Int Nickel 189*2 187 189% 187% Kennecott Cop .138% 135% 136% 134% Magma Cop .... 65% 63% 63% 64% Nev. Cons 35% 34% 34% 35% Texas Gulf Sul. 76% 74 75'% 73% U S Smelt 59% ... 58 58% Oils— Atlantic Rfg ... 58 56% 57 58% Barnsdall A 50% 47% 50% 47% Freeport-Texas. 49% 47% 49 46% Houston Oil 13314 ... 133 133% Indp Oil & Gas. 34% 33% 33% 33% Marland Oil 45% 44% 45 45% Mid-Cont Petrol 39'/, 37% .37% 38% Pan-Am Pet 8.. 56*4 55% 55% 55% Phillips Petrol.. 47% 47% 43'/, 47% Pro & Rfgrs ... 25% 24'% 24% 25 Union of Cal ... 54 53*4 53*4 54 Pure Oil 27% 27% 27% 27% Royal Dutch ... 61 ... 60% 61% Shell 34% 34 34% 34% Simms Petrol ... 25% 25% 25% 25% Sinclair Oil 41% 40% 41% 40% Skelly Oil 3815 38 38% 38 Std Oil Cal 66 65% 65% 65% Std Oil N J .... 52% 51% 52 52% Std Oil N Y ... 37% 37% 37% 3714 Texas Corp 70% 89% 69% 691, Transcontl 12 9% 12 9% Industrials— Adv Rumely...... 51 48 48',5 49% Allis Chalmers .137% 135 136% 137 Allied Chemical 232% 230 231 230% Armour (A) ... 17% ... 17% 17% Amer Can 110% 108% 109% 108% Alaska J 8 7% 7*4 8% Amer H L pfd.. 41% 41% 41% 31% Am Linseed 134% 133% 134% 135 Am Safety Raz.. 72% ... 72% 72 Amer Ice 41% 41*4 41% 41% Am Woolen .... 22% ... 22% 22% Curtiss 141% 136'4 138 140 Coca Cola 168% 165% 165% 165% Conti Can 117% 117 117 117>4 Certainteed .... 32*4 31% 32 31% Congoleum .... 26% 25% 26 26 Davison Chem .. 61 60% 60% 60 Dupont 438% 435 436% 439 Famous Players. 53% 52% 52% 52 Fox A 101% 98% 99% 97% Gold Dust 108 105% 107% 105'% Glidden 28% 27% 27% 27% Int Paper 56 54 55% 56% Int Harvester ..318% 318 318% 319 Lambert 129% 127% 129% 129% Loews 62% 61% 61% 61% Kelvinator 14% 12% 13% 12% Montgom Ward. 388 376 383 366 Natl C R 96% 95 95% 93% Pittsburgh Coal. 51% 50% 51% 52 Owens Bottle .. 85 84% 85% 85 Radio Corp ....247 235 245% 229 Real Silk 55% 6 55% 53% Rem Rand 26% 25% 26% 25% Sears Roebuck. .158% 156% 156% 157% Union Carbide.. 192'% 189% 191% 190 Victor 127% 122% 125 126% U S Cs Ir Pipe. 47 ... 47 U S Indus A1c0.124 ... 124 123% Warner Bros A. 130% 122 125% 128 Warner Bros B. 130% 123 124% 128% Utilities— Am Tel & Tel. .188% 186% 187% 188% Am Express 293% Am Wat Wks ... 61 60% 61 60% Col G& E 130% 128% 129 130% Consol Gas 82% 81% 82% 81% Elec Pow & Lt.. 39% ... 39 39% Nor Am Cos 79 77'% 78% 78% Natl Power 41% 4040% 41% S Cal Ed 51% 51'/* 51% 51% Std Gas & El.. 73% 73 73% 73% Utilities Power.. 41% 41 41 41% West Union Tel 194 190% 191% 190 Shipping— Am Inti C0rp...122 118% 121 121% Am Ship & Com 4 ... 4 Atl Gulf & W I 48% 48 48% 49% Inti Mer M pfd 37 3 % 36% 37 United Fruit 138% ... 138% 138% Foods— Am Sug Rfg 77% 75% 77% 76 Kroger 128*4 126% 126% 126% Austin Nichols.. 6% ... 6% 6% Beechnut Pkg .. 77% ... 77% 77% California Pkg .. 76 ... - 76 76 Corn Products .. 87% 86 87% 86'/* Cudahy 67% 66% 66*% 67 Cuban Am Sug.. 17 ... 17 17 Fleischmann Cos 82% 81 81% 81% Jewel Tea 178 170% 175% 166 Kraft Cheese .. 62% 62% 62% 62% Natl Biscuit 170 Natl Dairy 117% 116% 116% 116% Postum Cos 67*% 66% 67 67% Ward Baking B. 17% 16% 17 17 Tobaccos — Am Sumatra ... 58'% ... 57% 58 Am Tob B 172% 171% 172% 174 Con Cigars 92% ... 92 93 General Cigar .. 62 60% 62 60 Llg Sc Meyers .. 90% 89 89 89% Lorillard 27% 27% 27% 27% R J Reynolds ...151% ... 151 151 Tob Products 8.107% 106% 107% 106% United Cigar St 27 ... 27 27 Schulte Ret Strs 54% 54 54 54%

Produce Markets

Butlor (wholesale price)—No. 1. 50@52c: No. 2. 46649 c. Butterfat. 50c. Cheese (wholesale selling prices, per pound)—American loaf, 33c; pimento loaf, 35c; Wisconsin flat, 27c; prime cream, 27c; Daisy 27c; Longhorn. 27c; New York Llmberger, 30c. Eggs—Buying prices: Fresh delivered at Indianapolis, loss off, 35@37c. Poultry (buying prices) Hens, 23c; Leghorn hens, 15®19c; 1928 spring, large breed, 2 lbs. and up. 23c; 1 to 1% lbs., large. 19®20c; Leghorns. 18®20c; old roosters, large, 12®15c; small, 10@>13c; ducks. 15617 c; geese, 12c; guineas, young, 50c; old 35c. Bv United Press CHICAGO. Nov. 9.—Eggs—Receipts, 3,647 cases; extra' firsts, 44c; firsts, 38643 c; ordinaries, 28®31c; seconds. 24®27c- refrigerator extras, 31 %c; refrigerator firsts, 30 %c. Butter—Receipts. 5,734 tubs; extras, 48c; extra firsts, 46® 47c; firsts, 43%® 45c: seconds. 41® 42%c: standards. 47c. Poultry—Receipts. 4 cars; fowls, 18® 25c; springs, 18626 c; Leghorns, 190* 22c; ducks. 17® 25c.; geese. 22c; turkeys, 30®35c: roosters, 20c. Cheese —Twins. 23c: young Americas, 23%c. Potatoes—Market, firm; arrivals, 115; on track. 453; in transit, 718; Wisconsin sacked Round Whites, 75®90c; fancy a shade nlgher; Minnesota and North Dakota sacked Round Whites, 75®, 85c, few 90c; sacked Red River Ohios, mostly 95c; South Dakota sacked Early Ohios, 80®90c; Idaho sacked Russets, $1.55 @1.75. New York Liberty Bonds Prev. Close. Close. 3%S 99.13 99.6 Ist 4'As 100.29 100.29 4th 4%S 101.1 101.1 Tr 4'As 1952 112.26 112.29 Tr. 4s, 1954 107.21 107.19 Tr. 3%s 104.24 104.24 3%s ’47 99.18 99.18 3%S ’43 99.12 99.13

HIGHER TREND SHOWN TODAY IN HOGMARKET Cattle Offerings Lighter, With Vealers Selling at $17.50 Down. Nov. Bulk. Top. Receipts. 2. $9.65 $9.75 6,500 3. 9.55 9.60 6,500 5. 9.75 9.85 7,000 6. 9.75 9.85 5.000 7. 9.50 9.80 9,000 8. . 9.35 9.40 9,000 9. 9.40 9.45 8,500 Porkers showed a fractional gain today at the Union Stockyards, with the market, from 180 pounds up, selling 5 cents higher. Underweights were 10 to 25 cents higher with the bulk, 180 to 275 pounds, going at $9.40. A few butchers made a top price of $9.45. Receipts were 8,500. In the cattle market offerings were extremely light. She-stock was strong and vealers steady, veals selling at $17.50 to lower. Top price paid was SIB.OO. Lambs were 25 to 50 cents higher. Good to choice kinds selling at $13.50 to sl4. Fat ewes were $5 to $6.50. Chicago hog receipts were 19,000 including 3,000 directs. Market fairly active to shippers and traders, and strong with Thursday’s best prices. Numerous loads of choice 190 to 260-pound weights were bid at $9.35 to $9.45 and a few loads sold; $9.50 was paid for strictly choice stock around 260-pound averages. Odd lots smooth packing sows went at $8.50 to $8.75. Cattle receipts were 2,000; sheep, 7,000. Hog prices at the city yards today were; 250 to 350 pounds to $9.45; 200 to 250 pounds $9 to $9.45; 160 to 200 pounds $9.10 to $9.40; 130 to 160 pounds $8.75 to $9.15; 90 to 130 pounds $8.50 to $8.90; packing sows $7.75 to $8.75. Cattle receipts were 550, calves 700. Beef steers $11.50 to sl7 quotable; beef cows $7.50 to $10; low cutter and cutter cows $5.25 to $7, vealers sl7 to $18; heavy calves $6.5C to $11; bulk stock and feeder steers $8 to $11.50. Sheep receipts were 1,200. Top fat lambs sl4; bulk fat lambs sl3 to sl4; bulk cull lambs $8.50 to $11.50; bulk fat ewes $4.50 to $7.

—Hog*— Receipts, 8.500; market, higher. 250-350 lbß $ 9.00® 9.45 200-250 lbs .’. 9.00<f, 9.45 160-200 ibs 9.404, 9.45 130-160 lbs 8.75® 9.15 90-130 lbs. .. 8.50®' 6.90 Packing sows 7.75® 8.75 -CattleReceipts. 550; market, steady. Beef steers $11,504? 17.00 Beef cows 7.504110.00 Low cutters and cutter cows.. 5.25@> 7.00 Bulk stock and feeder steers.. B.oo® 11.50 —Calves— Receipts, 700; market, steady. Best veals $17.00® 18.00 Heavy calve* 6.50®11.00 —Sheep— Receipts, 1,200; market, higher. Top fat lambs ....$14.00 Bulk fat lambs 13.00®14.00 Bulk fat ewes 4.50® f.OO Bulk cull lambs [email protected] Other Livestock By United Press CHICAGO, Nov. 9. Hogs Receipts. 19,000; market, mostly 54,15 c higher; fairly active at advance; top. $9.50 paid for occasional loads of choice 200-260-lb. weights; butcher, medium to choice, 250350 lbs., $94,9 50; 200-250 lbs.. *[email protected]; 160-200 lbs., $8.75®9.50; 130-160 lbs., $8.40 4,9.25; packing sows. $8.154,8.75; pigs, medium to choice 90-130 lbs., $8.254,9. Cattle—Receipts, 2,000. Calves—Receipts. I, market, slow to steady on steers, hardly enough here to make a market; demand still narrow for In-between grade heavies, such kinds. $14,1.50; lower for the week; firm to higher trade on she stock at 504,75 c higher prices than a week b go: best yearlings today, $16.50; slaughter classes steers, good and choice. 1300-1500 lbs., $13,504, 17.75; 1100-1300 lbs.. $13,754,17.75; 950-1100 lbs., $13,754, 18; and medium, 850 lbs.. $8,754, 14; feeder yearlings, good and choice, 750-950 lbs., $13,754,17.25; heifers, good and choice. 850 lbs. down. $13.254715.75; common and medium. $84,13.25; cows, good and choice. $9,254, 12; common and medium, $7,254, 9.25; low cutter and cutter. $5.904,7.25; bulls, good and choice, beef, $9,504,11; cutter to medium. $74,9.75; vealers milk fed. good and choice, $13,754, 15.50; medium. $12,504, 17.75; cull and common. SB4, 12.50; Stocker and feeder steers, good and choice, all weights, $114,12.50; common and medium. $8,764, 11. Sheep—Receipts. 7,000; fat lambs, strong to 25c higher; early top. $14.35; bulk comebacks. $13,504,13.75; sheep and feeders steady; lambs, good and choice, 92 lbs. down, $13,254? 14.50; medium, $12,504*13.25; cull and common, $8,504, 12.50;; ewes, medium to choice, 150 lbs. down. $4.504,8.50; cull and common, $1,754,5; feeder lambs, good and choice. $12.254,13.35. By United Press PITTSBURGH. Nov. 9.—Hogs—Receipts. 2.500; market. 104,25 c up; 250-350 lbs.. [email protected]; 200-250 lbs., $9,854, 10; 160-200 lbs., $9.754710; 130-160 lbs., $94,9.85; 90130 lbs., $8.754,9.40; packing sows, sß® 8.50. Cattle—Receipts, SS; calves, 50market, steady to strong; beef steers, $114?13.50; light yearling steers and heifers, $94,12.50; beef cows. [email protected]; low cutter and cutter cows, $54,7.50; vealers. $134,18; heavy calves. sß® 16. Sheep—Receipts. 150; market, fully 25c up; top fat lambs. $14.25; bulk fat lambs. *12.50®14.25bulk cull lambs, [email protected]; bulk fat ewes, $54? 6.50. /?.;/ Times Special LOUISVILLE. Ky„ Nov. 9.—Hogs—Receipts, 1,800; market, steady: heavy and medium hogs. 180 lbs. up, $8.65@>9.15; pigs and lights, 180 lbs. down. $7.404,8.50; stags and throwouts, $6.95®7.55. Cattle—Receipts 200; market, steady; prime heavy steers, $12,504? 13.50; heavy shipping steers, $10.50 #12.50; medlufh and plain steers, $94, 10.50; fat heifers, $7,504,12; good to choice cows. $7.50<®9.25; medium to good cows. $5.754,7.50; cutters, $5,254*5.75; canners, $4,754*5.25; bulls, *6®8.50; feeders. $8.50® 11. Stockers. $74711.50. Calves—Receipts. 200; market, steady; good to choice, $12.50 @14.50: medium to good, $10.504112; seconds, $847:8.50. Sheep—s44l6; bucks. s3® 3.50. Thursday’s shipments—Cattle. 60; calves, 160; hogs, 1,161; sheep, none. By United Press FT. WAYNE. Ind., Nov. 9. ceipts, 100; calves, 100; hogs, 800; sheep. 300; market, steady to 15c higher. 90-120 lbs., $8.15; 120-140 lbs., $8.40; 140-160 lbs.. $8.60; 160-180 lbs.. $8.85; 180-225 lbs.. $9; 225-250 lbs.. $9.10; 250-300 lbs., $9.25; 300350 lbs., $8.75; roughs, $7.75; stags, $5.50; calves, sl7; lambs, $12.50. By United Press EAST BUFFALO, Nov. 9.—Hogs—Receipts, 4,000; holdovers, 1.000; market strong to 10c up; 250-350 lbs., $9.404,9.75; 200-250 lbs.. $9.60-5(9.90; 160-200 lbs.. $9.65 47 9.90: 130-160 lbs.. $9,254(9.75: 90-130 lbs., [email protected]; packing rows, [email protected]. Cattle—Receipts, 325. Calves—Receipts. 500. market cattle, 25c up; beef steers $12,504? 15.25; beef cows, $8.25®10.25; vealers, $17.504718.50. Calves—Receipts, 500 ; 50c up; light veariing steers and heifers, $13,254,16: low cutter and cutter cows, $4,754(7. Sheep—Receipts, 3,400; market. 25c up; bulk fat lambs, [email protected]; bulk cull lambs, sß® 10.25; bulk fat ewes, $6 4? 7. By United^Press CINCINNATI. Nov. - 9.—Hogg—Receipts. 4.200: holdovers. 1.550; market, steady to 10c down; 250-350 lbs., $8.75479.40; 200250 lbs.. ’ $9,254*9.40; 160-200 lbs., *8.35® 9.40: 130-160 lbs.. $8,804(9; SKI-130 lbsi, $7,254(8.75; packing sows. $6.754710.75. Cattle—Receipts. 700. Calves —Receipts. 300. market, steady; beef steers, $8.50@14; light yearling steerß and heifers. $94*14; beef cows. s7®lo; low cutter and cutter cows. $5476.25; vealers, [email protected]; heavy calves, $94? 14; bulk stocker and feeder steers, $9 4? 10.50. Sheep—Receipts, 500; market, steady: top fat lambs, sl3; bulk fat lambs, $11,504,13: bulk cull lambs, SB4( ll;bulk fat ewes. s4@6. RAW SUGAR PRICES . High. Low. Close. January 2.06 2.04 2.05 March 2.12 2.10 2.10 May 2.19 2.17 2.18 July 2.27 2.26 2.26 September 2.34 2.32 2.34 December 2.05 2.02 2.03

TidLK lx> JJIAiN AT OLIJS TIMES

In the Stock Market

(By Thomson & McKinnon) NEW YORK. Nov. 9.—The undertone of the general list was moderately reactionary today. However, the railroads were buoyant. There Is a significance to this for it indicates that industry is prosperous and in all probability should continue so. If there is any doubt in the minds of traders as to what may be expected within the near future, that doubt should be eliminated because of the action of General Motors' directors yesterday. Evidently these able men look forward to a continuation, if not an improvement, of prosperous conditions and, considering that the motor industry is a large consumer of steel, rubber, leather and other accessories, prosperity should be well balanced. The constructive forces are guiding the affairs of business In a sound manner, and because that is a fact there need be little, if any. fear that a change from these; satisfactory conditions is immenent. Analyzing the whole situation there are reasons to believe that the stock market can be expected to continue along the same line which we have been/witnessing.

The City in Brief

H. A. Schwartz, director of research of the National Malleable and Steel Castings Company, Cleveland, 0., will speak Monday night at the meeting of the Indianapolis chapter, American Society for Steel Treating, at the Chamber of Commerce. The meeting will be at 7:30 following a dinner at 6:30. Resolutions of the Meridian W. C. T. U. demanding immediate consideration of the Kellogg peace pact were sent to President Coolidge, Senators Watson, Robinson and Borah today. The resolution urged the pact be ratified without reservation. George D. Snoddy, Fountain county farmer living near Covington, today filed a voluntary bankruptcy petition In federal court, listing liabilities of $49,334, and assets of $997.

Commission Row

PRICES TO RETAILERS FRUITS Apples—lndiana Jonathan, $1.50®2 crate; box Jonathan. $2.25®2.50; box Grimes. $1.75®2.25. Cantaloupes—Persian, $3.75: Casaba. $3. Cranberries—s4.2s, 25 lb. box. Grapes—Seedless, $2,504(2.75; Concord, 30c a five-pound basket; Tokay. [email protected]. Grapefruit—s4.2s® 4.50. Lemons—California, $6.75®7.25. Limes—Jamaica, *[email protected] per 100 Oranges—California Valencias, [email protected] crate; Florida, *’’@7.so. Pomegranates—s3 crate. Persimmons—Japanese $2.75®3; Indiana. $1.25 a box of 12 pints. Pears—Bose., $4.50; Anjou, $4474.50. Plums—California. s2@3 bushel. VEGETABLES Artichokes—*l.7s a doz. Beans—Southern stringless, $4.50 bu.; wax, $4. Cabbage—Fancy home-grown. $2.50 bbl.; Wisconsin. 2%®3c lb. Cauliflower—California, $2.5062.75. Celery—Michigan, $1 crate: home grown, 254C45C doz. bunches. Cucumbers—lndiana hothouse, home grown, $2.50 dez. Eggplant—s3 doz. Kale—Spring, $1 bu. Mustard—Fancy home grown, $1 bu. Okra—Tennesse, $1.50 basket;. Onions—Home-grown yellow $262 25. 50 lbs.. Utah, large, $4.50 per crat; California. *2 25 crate. Parsley—Home grown, 60c doz. bunches Peas—California, *7478. 45-lb. crate. Peppers—Home-grown Mangoes. *2.50 bu. Potatoes —Michigan round whites. *2.25, 150 lbs.; Ohio, *[email protected]. Radishes—Hothouse, button, 50c dozen bunches. Spinach—Fancy home grown. $1,256 1.50 bu. Tomatoes—California, 30 lbs., *2.75; hothouse. $2.50. Cocoanuts—s6.so per bag of 100. Sweet potatoes—lndiana Jersey. $2.50 per bu.; Virginia Jerseys. *3.75® 400 per bu.; Tennessee Nancy Halls, *2.50 a hamper. By United Press CHICAGO, Nov. 9.—Apples, ss® 8 per barrel; pears, $2.50®3 per bushel.

Indianapolis Stocks

—Nov, 9 Bid Ask Amer Central Life 700 Belt R R & Stkyds pfd 59 63 Vi Central Ind Power Cos pfd.... 96% 100 Cities Service Cos com 73% ... Cities Service Cos pfd 100 citizens Gas Cos com 56 57% Citizens Gas Cos pfd 102% ... Commonwealtii Loan Cos pfd.. 102% 106 Equitable Securities Cos com.. 101% 105 Hook Drug Go com 35% ... Horuff Shoe pfd 12% 13 Indiana Hotel Cos com 125 ... Indiana Hotel Cos pfd .......101 Indiana Service Corp pfd.... 92 Indianapolis Gas Cos com 62 64 Indpls & Northwestern pfd.. 14 Indpls Water Wks Cos 5s pfd..102% 104 •Indpls P and L 7s 98% 101% Indpls Pub Wei Ln Assn .... 47% ... Indpls St Ry Cos pfd 38 39% Inlersttae P 8 C prior lien... 103% 107 Interstate P 8 C 6s pfd 95 99 Merchants Pub Util Cos pfd....101 Metro Loan Cos 8s 100 104 North Ind Prod Serv Cos 65... 98 103 Northern Ind Pub S Cos 107 ... Progress Laundry Cos com ... 38 ... E Raub Sc Son- Fert Cos pfd 50 ... Real Silk Hos Cos pfd 96'/a ... Standard Oil of Indiana 83% ... T H I & E Trac Com 1 T H I & E Trac Cos pfd 10 T H Trac Sc Lt 96% ... Union True Cos Ist pfd 1 Union Trac Cos 2nd pfd % Union Title Cos com 80 Van Camp Pack Cos pfd...... 20 Van Camp Prod Ist pfd 98 102 Van Camp Prod 2nd pfd ... 92 102 —Bonds— Belt R R & Stk Yds 4s 89 Broad Ripple Trac Cos 5s 75 ... Central Ind Power Cos 6s 100 ... Chi S B & N Ind 15 Citizens Gas Cos 5s 99 Citizens St RR 5s 88% 90 Gary St Ry 5s 86 90 Home T & T of Ft. Wayne 6s. 103 Indiana Hotel Cos 5s 101 ... Ind Northern Trac Cos 5s 4 Ind Ry & Lt Cos 5s .99 ... Ind Service Corp 5s 93 Indpls Power Sc Lt Cos 5s 99 102 Ind Union Trac Cos 5s Indpls Col Sc So Trac 6s 98 102 Indpls Gas Cos 8s 100% ... Indpls Sc Martins Trac Cos 55.. 24 Indpls & Northw Trac Cos 55.. 10 13 Indpls St Ry 4s 68 Vi 70 Indpls Trac & Term Cos 55... 95% 96% Indpls Union Rv 5s 100 Indpls Water Cos 5%s 102% 104 Indpls Wa Cos 1953 Sc ’54 5%5.102% 104 Indpls Water Cos 5s 96 Indpls Water Cos 4%s 95 96 Water Works Sec 5s 96 ... Interstate Pub Serv 4%s .... 89% ... Interstate Pub S Cos 5s 96% ... Interstate Bub S C 6%s 104% ... N Ind Pub Service 5s 102 ... T H I Sc E Trac Cos 5s 60 ... T H Trac & Lt Cos 5s 95 Union Trac of Ind Cos 6s 10% 13 —Government Bonds— Liberty Loan Ist 3%s 99.08 99.28 Liberty Loan Ist 4'4s 100.80 101.00 Liberty Loan 4th 4%s 100.92 101.14 U 8 Treasury 4%s 112.90 113.00 U S Traesury 4s 107.48 107.08 U S Treasury 3%s 104.64 104.84 U S Treasury 3%s 99.30 93.50 —Sales—--10 share* Indpls St Ry Cos pfd 39% NEV? YORK COFFEE RANGE High. Low. Close. January 15.38 March 15.10 15.01 15.01 May 14.56 14.53 14.53 July 14.15 14.13 14.13 September 13.80 13.77 13.77 December 15.82 19.78 15.78

Got Left By United Press ST. LOUIS, Nov. 10.—A shoe salesman reported to police today that 150 shoes, valued at approximately S4OO, had been stolen from his automobile. The salesman’s theft report revealed the shoes were all for the left foot.

Old Broadway Theater to Go By United Press NEW YORK, Nov. 9.—The Broadway theater, one of the earliest to venture into the "forties” nearly forty years ago, will be razed In favor of anew 45-story, $10,000,00) skyscraper theater on the comer of Broadway and Forty-first street.

RAILS TOUCH NEW HIGHS ON STOCKMARKET Profit-Taking Reduces Early Gains in Industrial Favorites.

Average Stock Prices

Average 30 industrials Thursday, was 261.11, up .43: 20 rails 143.94, up .29; 40 bonds 97.09, up .07. By United Press NEW YORK, Nov. 9.—When profit taking today reduced early gains in industrial favorites on the stock market, the railroad group hit her slow moving and only an average gainer suddenly took life and prevented a violent reaction. Movements were somewhat similar to yesterday. The market opened strong, but on another bulge which deluged tickers so that they were forty-five minutes behind the market, profit taking set in. When call money was advanced to 7 per cent, selling became more pronounced. Pails In Advance Sweeping advances occurred in the rails, under the leadership of Union Pacific, which soared more than six points to anew high at 21714. Erie shot up more than three points and Canadian Pacific made anew high at 225%, up nearly five points. Gains of more than two points were made by Missouri Pacific, Mis-souri-Kansas-Texas, Kansas City Southern and New York Central. The stellar performer in the industrials was Montgomery Ward which continued Its Journey toward the 400 mark. The issue touched a peak at 389, up twenty-three points and then reacted about seven points from the high. Motors Early Feature General Electric was an outstanding favorite, rising to anew high at 180, up more than six points. Mack. Trucks, Barnsdall A. and Westinjhouse also were in demand. General Motors was an early feature rising several points, but it quieted down later and receded from the high. U. S. Steel held firm as did American Can. Steel shares generally were In demand. Profit taking brought down prices in most industrials, but coppers held well. Oils were active. Utilities lagged behind the market. Information from the floor said Radio had touched 272, up 39. Buying was said to be based on rumors that John J. Raskob was to be chosen chairman of the board of radio Shorts were driven to cover by the sudden spurt in the issue and theU covering sent the price soaring. Talk was immediately heard that a technical corner had been brouglit about in the stock. Big interests evidently had secured the majority of the floating supply and were squeezing the shorts unmercifully. Only the close precented carrying the price into sensational heights. The markea closed irregular. Closing prices of representative stocks obtained from the floor of the exchange were: United States Steel, 165%, up 4V4; General Motors, 218 1 ,4, off %; Radio, 250, up 17; Westinghouse Electric, 117, up Vi ; National Cash Register, 95%, up 1%; Fleischmann, 83, up 1%; Gold Dust, 111, up 5; Republic Iron and Steel, 83Vi, up 3%; Transcontinental Oil, 12, up 2%; Studebaker, 75%, off 1%; Greene Cananea, 147, up 1%; General Eleceric, 182 Vi, up 8%; Kennecott, 137%, up 2%; Texas Gulf Sulphur, 75 1 2, up 1%, and Calumet and Hecla, 45%, off %.

Banks and Exchange

INDIANAPOLIS STATEMENT Indianapolis bank clearings today were, $4,798,000; debits were. $9,442,000. CHICAGO STATEMENT CHICAGO. Nov. 9.—Bank clearings, $129,500,000; balances, $10.500.000. NEW YORK STATEMENT Bn United Press NEW YORK. Nov. 9.—Bank clearings, $1,407,000,000; clearing house balance. $145,000,000; federal reserve bank credit balance. $104,000,000. TREASURY STATEMENT Bu United Press WASHINGTON, Nov. 9.—The treasury net balance for Nov. 7, was $178,488,686 49. Customs receipts this month to the 7tb, were $10,749,143.90. Births Boys Leroy and Nettle Bartlett. 5831 Rawles. Ulrich and Anna Farrell, 9 S. Highland. Jerome and Maggie Cameron, 527 Beecher. Albert and Marie McCauley, 826 N. Keystone. Ernest and Hazel Lester, Coleman hospital. Thomas and Opal Johnson, 2612 S. Sherman. Marvin and Helen Brinson, 3522 W. Michigan. George and Priscilla Brooks, 34 S. Catherwood. Lawrence and Martina Davis, 1105 E. Ohio. Girls Fred and Cordelia Stoltz, 935 N. Denny. Herman and Mary Williams, St. Vincent hospital. Victor and Loretta Roel, St. Vincent hospital. Hoyt and Effle Clements, 2033 Lewis. Mahlon and Frances Kuhn, 5955 Rawles. Julius and Mary Edwards, 119 N. Blake. Merle and Mervln Horton, 15 N. Belmont. Leslie and Viola Coslellon, 942 S. Senate. Everett and Grace Miller, 628 S. New Jersey. Virgil and Celestia Denison, 1414 Deloss. Homer and Nina Huston, 945 E. Raymond. Wilbur and Leota Mickel, Coleman hospital. Linsie and Naomi Cox, 3914 E. Washington. Arthur and Georgia Easterday, 1521 Deloss. Deaths Lorena Ann Finch, 67. Methodist hospital, malignant femur. Richard W. Hoff, 27, 636 Russell, pulmonary tuberculosis. _ Mary A. Bradford, 81, 1527 Roache. cerebral hemorrhage. _ George N. Adams, 1446 N. Chester, pulmonary embolism. Mayme Feeney. 48, St. Vincent’s hospital. acute hemorrhagitls pancreatitis. Julia Brooks, 6, 815 East Twenty-Fourth, myocardial decompensation. John Hackett, 65, 520 East Vermont, arteriosclerosis. Lela Cooper, 24, Methodist hospital, appendicitis. Rowena Johnson, 3 years, city hospital, accidental burns. Negro Woman Dies of Burns When her clothing took fire from a gas stove in the kitchen of her home Thursday night Mrs. Minnie Willliams, 87, Negro, 438 South River avenue, was burned fatally. She was found unconscious by a grandson returning from work.

Sunday School Lesson

The International Uniform Sunday School Lesson for Nov. 11. Peace and Good Will Among Men. Romans 12: 1,2, 9-21. BY WILLIAM E. GILROY, D. D. Editor of The Congrerationalist THIS lesson falls precisely on Armistice day, and there could be no more appropriate theme for discussion in our church schools upon that day. Armistice day this year comes at a time when the thought of the world is more definitely and more practically concerned about peace than probably at any time since the momentous day, ten years ago, when the world learned to its joy that the great war had ended. There has been times during those ten years when there seemed in the world more of the war spirit than of the peace spirit, when individuals and nations seemed in a shell-shocked and fear-ridden condition, afraid to pursue plans for peace or to reduce the armaments of war even by the slightest margin. Here in America particularly, where we did-not suffer as deeply through the war as did some other nations, there was an altogether inadequate consciousness of the

JOSEPH RILEY PASSER AWAY Leading Indiana Democrat to Be Buried Sunday. Joseph F. Riley, 81, long prominent in Democratic politics in Indiana, died at 3 a. m. today at St. Vincent’s hospital of pneumonia, following a week’s illness. Until he was taken sick last Friday, Mr. Riley assisted the Democratic campaign from headquarters at the Claypool. Bora in Vernon, Ind., Mr. Riley entered politics at ah early age and at 21 became Jennings county clerk. Coming to Indianapolis thirty-five years ago, he held various party and governmental office^. He was for a time a deputy in the United States pension office under Cleveland, was employed by the Indianapolis Traction Company and was secretary of the Democratic state committee for a number of years. In 1910 he became secretary of the railroad commission which later became the public service commission. He is survived by a niece, Corrine Welling, residing with Mr. Riley’s brother-in-law, A. W. Bowen, 5202 Washington boulevard. Funeral services will be conducted Saturday at 4 p. m. at the Flanner & Buchanan mortuary. Burial will be at Vernon Sunday.

In the Air

North wind, 9 miles an hour; barometric pressure, 30.29 at sea level; temperature, 36; ceiling, 1,000; visibility, 3 miles. New Air Line to Open By United Pri ss MIAMI, Fla., Nov. 10.—Inauguration on Jan. 10 of through airmail passenger service between the United States and the West Indies has been announced here by the Atlantic coastline and Seaboard Airline Railway Companies. The new line will be operated by the two railway companies and the Pan-American Airways, Inc. It will operate between five countries, and will provide de luxe transportation from New York to Havana and thence to San Juan, Porto Rico. Daily service from New York and Immediate points to Havana, tri-weekly service to San Juan by way of train to Miami and from there In large multi-motoreri air liners will be initiated. Eight and one-half hours traveling time between New York and Havana will be saved and twenty-four hours will be cut from the delivery of New York mail In the Cuban capital, the actual time required being 39 hours 5 minutes.

Use Diesels on Planes By Science Screice BERLIN, Nov. 10.—Eventual propulsion of aircraft by motors operating on heavy oil fuel and selfigniting on the Diesel principle is forecast by experiments made by the Junkers aircraft concern. Experienced engineers radically different from the ordinary power plants of airplanes are understood to be under test and actually to have flown. The Junkers firm pioneered in all-metal aircraft and their airplanes today are different in appearances from the common type. Plane at Portland By Times Special PORTLAND, Ind., Nov. 10.—Clyde Shockley, Kokomo aviator, will have a Fairchild plane here Sunday to take passengers on flights. Steps are being taken by Portland Avation Club for formation of a flying school. ‘FAREWELL TO THEE’ Drape Andy Jackson’s Statue In Honor of Lost Cause. By United Press NASHVILLE, Tenn., Nov. 10.—Dawn today found the famous statue of Andrew Jackson, on the Tennesse* capitol grounds here draped in black crepe and bearing a placard with the following inscription: The spirit of Andrew Jackson and his Democratic ideals died Nov. 0 1928.” Robbed by Negro Bandits Two Negro bandits Thursday night held up William F. Winkler, 16 East Twenty-Second street, and robbed him of $17.50. The holdup occurred near the McLain place trolley car barns, where Winkler is employed. New Turkey Crop to Market NEW YORK, Nov. 10.—The first carload of the new crop of Texas turkeys were due here today, but the Thanksgiving supply will not arrive for ten days.

horror of war and a lack of clear • ealization of the need of desperate measures to prevent war arising in tie future. For a Warless World Now, fortunately, the psychology of the situation has changed and nations and peoples are daring again to hope and work for a warless world. America has given interesting leadership iiji the movement for the outlawry of war, and a number of nations have signed a pact to that end. There are still dangerous limitations and reservations In connection with that movement of outlawry, but the emergence in world politics of emphasis upon that program Is itself profoundly hopeful. Here in our lesson we approach the whole matter of war from a deeper and more thoroughly moral standpoint. War finds its roots ultimately in a warlike spirit. If every individual were enlightened and peaceful, there would be no such thing as war. If in the heart of every man was the supreme purpose to love his fellow men, and all the emphasis in personal and national life were upon love, the abolition of war would be Inevitable. The individual may seem to count for little in international affairs, and we know perfectly well that many men who abhorred war and bloodshed, who were essentially peaceable and kindly, participated in the last war because of what they deemed their duty in the crisis and because they felt that the future of democracy in the world was at stake. Great Task Ahead The great war came as the result of a long course of wrong thinking and wrong action. Love and righteousness had not dominated the affairs of the nations in their governments and in the activities of these governments in relation to one and her. But the great task in the world is to establish forces in the individual units of society that will change these ways of thinking and acting, that will transform our social and political ideas, and that will give us type of officials and rulers more in harmony with the spirit of love and peace. It is this that constitutes the importance of the truth of our lesson and its appeal for peaceable, loving attitudes. Notice how far this lesson goes. It does not merely Inculcate love and peace, but it inculcates love even toward those who are hateful. It enjoins peaceable attitudes toward those who are not themselves peaceful. It reminds us that good is not something that simply stands over against evil, but that good is a great aggressive constructive force for overcoming evil, and that it is the privilege and duty of those who assume a Christian attitude in life to overcome evil with good. If we were to dwell upon this, it would be to emphasize not so much its inherent soundness as the evidence of its truth as a practical proposition. We have before us almost every day the evidences of the failure of the greatest war In history to achieve the very things for which it was fought. Looking Into History When we look over the whole range of history we see how good has conquered evil and how things that seemed weak, even in their rightness, have ultimately triumphed over the things that seemed mighty in wrong. Napoleon was reported to have said that “God is on the side of the great battalions,” but he discovered before the end of his day that Jesus of Nazareth was a far greater world conqueror than himself or any of the great military leaders who had been ambitious for world conquest. Again and again history tells this story of the breakdown of the great battalions while the power Os the still small voice of truth and righteousness grows in accomplishment. It is not easy to have faith in the power of love, and it is less easy to put one’s faith into practice in the crucial moments when the power of our enemies seems great. But the hope of the world is in attaining to the faith in love, that Paul had both in theory and practice and that he commends so strongly in this lesson. Marines to Leave China By United Press WASHINGTON. Nov. 9.—Additional United States marines will be withdrawn from China soon it was learned at the state department today. State and navy department officials are discussing now the proper number to be withdrawn and the stations in China which shall be affected.

Thomson & McKinnon INDIANAPOLIS CHICAGO NEW PORK MEMBERS New York Stock Exchange Chicago Board of Trade New York Cotton Exchange Chicago Stock Exchange New York Curb Association 300 Fletcher American Bank Bldg. Telephone Lincoln 8391

Whither This Winter? To the traveler desirous of escaping the unpleasantness of winter, we offer a wide range of cruises to tropical playgrounds. Whatever sort of winter trip you contemplate, you will be well repaid by conferring with us. We Are the Official Agents for ALL Steamship Lines and Principal Tourist Companies. RICHARD A. KURTZ, Manager Travel Bureau The Leading Travel Bureau of Indianapolis fSIIJNION TRUSTS 120 E. Market Street" RI ley 5341

PAGE 13

GAS TRUSTEES TO GIVE STAND ON CONTRACT Board to Make Position Clear Within 10 Days. Citizens Gas Company trustees probably will make known within the next ten days their stand on the contract calling for the city tctake over the utility in 1930. Will Thompson, utility lawyer of the firm of Miller, Dailey & Thompson, is expected to have an opinion on whether the city’s agreement is enforceable. The agreement was entered Into twenty-five years ago when John W. Holtzman, now corporation counsel, was mayor of Indianapolis. It is understood the trustees have the opinion of several other lawyers on the original charter granted by the city when the company was formed. If financiers who are buying up the gas stock decide to start a court battle on the agreemtnt it is predicted the fight will be carried to the United States Supreme court. One of the questions involved is whether the issuing of an indefinite permit by the public service commission In 1921 cancels the city charter provisions. The contract expires Aug. 25, 1930. The company’s assets are listed at $12,000,000, with net funded indebtedness of $3,500,000. Trustees, who represent those who hold certificates of stock, will name anew board of directors in January, and it is likely the directors will be asked to subscribe to the views of the trustees before their election. Robert Lieber, Lucius B. Swift, Henry Kahn, Gus Schnull, and Thomas L. Sullivan, once mayor, are the trustees. Sullivan is president. Lucius B. Swift, vice-president of trustees, declared that in his opinion the city should come into possession of the utility in 1930. In announcing his belief that the contract still is operative, despite the surrender of the franchise to the state commission, Swift made it clear that he did not represent the trustees. Swift warned against allowing politics to creep into operation of the properties. “I have never believed that the surrender of the charter, to which the city was not a party, cancels that contract. It will put the city in possession of a property worth millions and in fine condition. So long as it is operated under purely business principles with politics absolutely excluded it will bring to the city a large annual income of actual cash or in lower rates after it has paid off the 10 per cent stock at par and other fixed debts,” Swift said. “But this proposition will be wrecked if politics, good or bad, gets a grip. To prevent that, additional legislation may be required.” City officials are planning to “save the gas company” and have appropriated SIO,OOO for preliminary expenses in the fight.

HISTORICAL SOCIETIES WILL CONFER IN CITY Representatives of historical organizations of Kentucky, Illinois, Ohio, Michigan and Indiana, will attend the conference called by the George Rogers Clark Memorial committee of the Indiana Historical Society Saturday at the Claypool. The conference will discuss plans

for the celebration at Vincennes, Ind., on Feb. 25, 1929, of the one hundred and fiftieth anniversary of the capture of Ft. Sackville by George Rogers Clark. One of the historical authorities who will attend is Temple Bodley of Louisville, author of a recent life of George Rogers Clark. Arrange ments

ili

Bodley

will be made Saturday to invite President Coolidge to the celebration. Plans also will be made for the more extended celebration, probably in 1930, of the various events of the Revolutionary war in the west.